Hyperliquid, Pump.fun, Conflux Lead August Altcoin Season Mini-Rally – Is Rotation Here?

Key Points

1. Hyperliquid (HYPE) is trading around $38 with a steady daily volume of nearly $200 million, supported by its Layer-1 infrastructure and active ecosystem.

2. Pump.fun’s native token (PUMP) is a Solana-based asset with a $1.05 billion market cap and daily volume above $390 million, driven by its meme energy and liquidity pools.

3. Conflux (CFX) is a utility-focused Layer-1 smart contract network with a $1.09 billion market cap, featuring Ethereum Virtual Machine compatibility and low fees.

4. The Altcoin Season Index remains below 75, indicating Bitcoin is still outperforming most altcoins, but selective gains are seen in Hyperliquid, Pump.fun, and Conflux.

5. Traders are focusing on tokens that combine active ecosystems with liquidity, with these three projects meeting those criteria.